OFF MARKET

Off Market Dec 2020 for $462K

$684,788

•

2 ba

•

2,307

sq ft

1337 Peninsula Rd, Ely, MN 55731

About this home

PRIVATE SETTING & STUNNING LAKE VIEWS are captured from both indoor & outdoor spaces! Recently updated, this older custom built 3 bedroom/2 bath home boasts a wonderful blend of natural elements; from incredible floor to ceiling natural stone fireplace, vaulted wood ceilings, hardwood floors, mixture of wood & stone wall treatment, to large windows flooding home w/ natural light & great outdoor scenes! Main level features open living space, but with a private wing for main level bedroom, bath & laundry. Loft, 2 bedrooms with a connecting bath comprise the 2nd level. Walkout basement houses mechanical area, tuck under garage & storage. 3 season porch, new enormous maintenance-free deck, outdoor pond/waterfall area & shoreline hut are bonus areas. Other amenities include 3 stall detached garage, boat storage shed, wood shed, kennel/dog run, stain steel fish cleaning area, & fenced garden with lake-water irrigation system. Very private +-1.7 acre setting with +-300' of shoreline.

Single-familyProperty Type

1975Year Built

1.7 acresLot Size

$297Est. Price/Sq.Ft.

4 car garageParking

Listed by Wendy Johnson • Wildwoods Land Company

Bought with Wendy Johnson • Wildwoods Land Company

Redfin checked: 3 minutes ago

•Source:RAOR #140202

Redfin Estimate

$684,788

$222K since sold in December 2020$14K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 82.1% higher than the average sale price ($376K) of 6 comparable homes.

SOLD FEB 19, 2026
$625,000
A
3 beds1.75 baths1,920 sq ft
5729 Puncher Point Rd, Tower, MN 55790
SOLD AUG 19, 2026
$136,900
B
3 beds2 baths— sq ft
47 Birch Blvd, Babbitt, MN 55706
SOLD MAY 29, 2026
$339,500
C
3 beds2 baths— sq ft
1224 Birch St N, Tower, MN 55790
SOLD MAY 5, 2026
$110,000
D
4 beds2 baths— sq ft
38 Locust Dr, Babbitt, MN 55706
SOLD AUG 24, 2026
$835,000
E
3 beds3 baths— sq ft
6309 Winston Rd, Tower, MN 55790
SOLD FEB 27, 2026
$210,000
F
3 beds2 baths1,987 sq ft
42 Locust Dr, Babbitt, MN 55706

Claim this home to receive a free report every month with insights on the changing estimate.

Earn from this home

Rent

$3,189/mo

Redfin rental estimate

List your home for rent

Market trends in 55731, MN

Last updated August 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-List Price

95.2%

+0.5% MoM

Median sale price

$272K

$7K MoM

Avg. days on market

41d

12 days MoM

Recently sold homes

5 MoM

New listings for sale

NEW 15 HRS AGO
$317,000
2 beds— baths1,282 sq ft
651 Fernberg Rd, Ely, MN 55731
NEW 15 HRS AGO
$246,000
7 beds4 baths2,600 sq ft
429 S 4th Ave Ave E, Ely, MN 55731
3D WALKTHROUGH
$160,000
2 beds1 bath1,064 sq ft
1211 E Camp St, Ely, MN 55731
3D WALKTHROUGH
$648,500
3 beds1 bath1,136 sq ft
5005 N Lake Vermilion, Tower, MN 55790
$749,000
1 bed— baths352 sq ft
2815 Schaeffer Rd, Ely, MN 55731
$799,000
2 beds1 bath988 sq ft
2811 Schaeffer Rd, Ely, MN 55731
$259,000
3 beds1 bath1,064 sq ft
308 S 8th Ave. Ave E, Ely, MN 55731
$684,500
3 beds2 baths1,806 sq ft
214 Cedar Ln, Ely, MN 55731
See all

Provided by Redfin

Sale history for 1337 Peninsula Rd

Date

Event

Price

RAOR #140202

Dec 7, 2020

Sold

$462,900

$201/sq ft

Sep 4, 2020

Listed

$469,900

$204/sq ft

LSAR as distributed by WIREX #6092837

Dec 7, 2020

Sold

$462,900

$201/sq ft

Sep 2, 2020

Listed

$469,900

$204/sq ft

+40

PRIVATE SETTING & STUNNING LAKE VIEWS are captured from both indoor & outdoor spaces! Recently updated, this older custom built 3 bedroom, 2 bath home boasts a wonderful blend of natural elements; from incredible floor to ceiling natural stone fireplace, vaulted wood ceilings, hardwood floors, mixture of wood & stone wall treatment, to large windows flooding home with natural light & great outdoor scenes! Main level features open living space, but with a private wing for main level bedroom, bath & laundry. A loft, 2 bedrooms with a connecting bath comprise the 2nd level. Walkout basement houses mechanical area, tuck under garage & storage. Bonus areas are 3 season porch, new enormous maintenance-free deck, outdoor pond/waterfall area & shoreline hut. Other amenities include 3 stall detached garage, boat storage shed, wood shed, kennel/dog run, stain steel fish cleaning area, and a 24' x 40' fenced garden with lake-water irrigation system. Very private +-1.7 acre setting with +-300' of shoreline.

NORTHSTARMLS as Distributed by MLS Grid #MAM6002813

Jan 16, 2015

Listing Removed

—

Jul 11, 2014

Listed

$487,000

$211/sq ft

Year

Property tax

Land + Additions

Assessment*

2026

$5,924 (−8.7%)

$235,100 + $353,700

$588,800

2025

$6,486 (+33.9%)

$247,700 + $407,400

$655,100

2024

$4,844 (−2.8%)

$192,000 + $302,100

$494,100

2023

$4,982 (+3.9%)

$192,000 + $287,600

$479,600

2022

$4,796 (+5.3%)

$192,000 + $199,800

$391,800

2021

$4,554 (−1.6%)

$192,000 + $189,300

$381,300

2020

$4,628 (+12.2%)

$192,000 + $189,300

$381,300

2019

$4,126 (−2.6%)

$175,100 + $184,800

$359,900

2018

$4,238 (+15.4%)

$175,000 + $184,800

$359,800

2017

$3,674 (−8.4%)

$157,100 + $161,100

$318,200

2016

$4,012 (+7.8%)

$173,200 + $177,900

$351,100

2014

$3,722 (+1.8%)

$192,500 + $172,900

$365,400

2013

$3,655

$192,500 + $172,900

$365,400

Tax history for 1337 Peninsula Rd

Year

Property tax

Land + Additions

Assessment*

2026

$5,924 (−8.7%)

$235,100 + $353,700

$588,800

2025

$6,486 (+33.9%)

$247,700 + $407,400

$655,100

2024

$4,844 (−2.8%)

$192,000 + $302,100

$494,100

2023

$4,982 (+3.9%)

$192,000 + $287,600

$479,600

2022

$4,796 (+5.3%)

$192,000 + $199,800

$391,800

2021

$4,554 (−1.6%)

$192,000 + $189,300

$381,300

2020

$4,628 (+12.2%)

$192,000 + $189,300

$381,300

2019

$4,126 (−2.6%)

$175,100 + $184,800

$359,900

2018

$4,238 (+15.4%)

$175,000 + $184,800

$359,800

2017

$3,674 (−8.4%)

$157,100 + $161,100

$318,200

2016

$4,012 (+7.8%)

$173,200 + $177,900

$351,100

2014

$3,722 (+1.8%)

$192,500 + $172,900

$365,400

2013

$3,655

$192,500 + $172,900

$365,400

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

Stories

1.5

Lot width

—

Lot depth

—

Lot size

1.8 Acres

Year renovated

—

Sq. Ft.

2,206

Year built

1975

Style

Single Family Residential

County

St. Louis County

APN

317-0230-00210

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 7, 2026.

Property details

Parking

Parking/Garage Information
Has Garage
Has Attached Garage
# of Garage Spaces: 4
Parking Features: Garage Door Opener, Attached, Detached, See Remarks

Interior

Heating & Cooling
Has Heating
Heating: Electric, Natural Gas, Hot Water, Wood

Interior Features
Appliances: Dryer, Electric Range, Microwave, Refrigerator, Washer, Water Softener, Electric Water Heater
Has Fireplace
# of Fireplaces: 1
Fireplace Features: Wood Burning

Room Information
Laundry Features: Electric Dryer Hookup
Has Basement
Basement Details: Partial, Walk-Out Access, Block

Exterior

Exterior Features
Patio And Porch Features: Deck, Porch, Enclosed
Roof: Shingle

Building Information
# of Stories Total: 2
Construction Materials: Frame, Stone, Wood Siding

Property Features
Waterfront Features: Lake

Property Information
Property Type: Residential
Property Sub Type: Single Family Residence

Lot Information
Lot Features: Irregular Lot
Water Body Name: Eagles Nest 2
Lot Size : 251 x300
Lot Size Acres: 1.7

Utilities

Utility Information
Water Source: Well, Private
Utilities: See Remarks
Sewer: Septic Tank

Location

Schools Information
School District: Ely-696

Public facts

Beds: 3
Baths: 2.0
Sq. Ft.: 2,206
Stories: 1.5
Lot Size: 1.8 acres
Style: Single Family Residential
Year Built: 1975
Year Renovated: —
County: St. Louis County
APN: 317-0230-00210

Home facts updated by county records on Aug 7, 2026

Around this home

Schools

Tower-Soudan Elementary School

Public PreK-6 • Assigned • 7.8mi

5/10

Northeast Range Secondary

Public 7-12 • Assigned • 10.8mi

6/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

1/10 Heat Factor

7 days above 91° expected this year, 12 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

2/10 Air Factor

0 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Ely, MN • 55731

Average low and high temperatures (°F)

-5

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 8.5 hours in June and 2.7 hours in December, placing it below the U.S. average for solar exposure.

8.5 hrs

2.7 hrs

JuneDecember

Provided by Shadowmap

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Home values near 1337 Peninsula Rd

Data from public records.

Address	Redfin Estimate
1385 Peninsula Rd, Ely, MN 3 Beds \| 1.75 Baths \| 2497 Sq. Ft.	$733,656
1338 Peninsula Rd, Ely, MN 3 Beds \| 1 Baths \| 1070 Sq. Ft.	$378,854

Address	Redfin Estimate
1368 Peninsula Rd, Ely, MN 2 Beds \| 2 Baths \| 896 Sq. Ft.	$516,273
1332 Peninsula Rd, Ely, MN 3 Beds \| 3 Baths \| 1697 Sq. Ft.	$723,472

Address	Redfin Estimate
1370 Peninsula Rd, Ely, MN 1 Beds \| 1 Baths \| 660 Sq. Ft.	$425,104
1392 Peninsula Rd, Ely, MN 3 Beds \| 2 Baths \| 1040 Sq. Ft.	$369,685

Property information provided by RAOR when last listed in 2020. This data may not match . Learn more.

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